7/81 Shakespeare Road, Milford, North Shore City

Located at 7/81 Shakespeare Road, Milford, Auckland - North Shore, this residential property presents a unique opportunity for builders, renovators, investors, and DIY enthusiasts. The 1970s brick and tile home, set on a level section, features 2 bedrooms, 1 bathroom, and 1 carpark, with a floor area of 80 square meters. Despite being affected by the 2023 Auckland floods, its solid construction and good condition of walls and roof make it a promising project. The property, under a Cross-Lease ownership type, is ready for a complete renovation or redesign, offering a chance to showcase individual preferences and creative vision.

From a financial perspective, the property has seen a capital value increase of 20.51% from $780,000 in July 2017 to $940,000 in June 2021, indicating a strong growth potential. The latest sale on 8th February 2024 was at $551,000, with a current HouGarden AVM estimate at $927,500. This suggests a significant opportunity for value appreciation post-renovation.

The property is located in a highly desirable school zone, with access to top-rated schools such as Westlake Boys' High School, Milford School (Auckland), Takapuna Normal Intermediate, and Westlake Girls' High School, all with a decile rating of 9. This, combined with its close proximity to Milford Village, Milford Beach, Lake Pupuke, and easy access to the motorway and public transport systems, makes it an exceptional opportunity for families looking to establish themselves in a sought-after area.